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Binance’s $6.3 Billion Hack Is Just the Start of a Risky New Era

The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds.

© Tyrone Siu/Reuters

The founder of Binance, Changpeng Zhao, in Hong Kong in August. The company, the world’s biggest crypto exchange, has promised to make customers whole.
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Polymarket and Kalshi Face a Major Accuracy Test: The Midterms

Studies have shown that the betting sites can predict races correctly, but their ability to forecast U.S. midterm elections is an important proving ground.

© Hilary Swift for The New York Times

Prediction platforms like Polymarket are hoping the U.S. midterm elections will be their moment to shine.
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How One Country Became the Unlikely Crossroads of the Global A.I. Boom

In Malaysia, U.S. and Chinese tech giants are pouring billions into vast data centers, straining local resources and testing the limits of Washington’s restrictions on advanced chips.

© Ulet Ifansasti for The New York Times

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Binance Suspends Withdrawals After Crypto Hackers Steal $6.3 Billion

The crypto exchange said it was compromised in what could be the biggest crypto heist ever. One research lab attributed the theft to “North Korea’s elite hacking unit.”

© Antonio Masiello/Getty Images

Changpeng Zhao, Binance’s founder, said the incident “does look like a hack.”
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Polymarket and Kalshi Turn Midterm Elections Into a Multimillion Dollar Market

Betting markets like Polymarket and Kalshi have transformed America’s democracy into a new kind of casino.

© Hilary Swift for The New York Times

David Bensoussan has placed wagers worth over $1.5 million in over a dozen midterm races.
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Big Tech’s Data Center Blitz Is Burning Through Cash and Scaring Wall St.

Amazon became the latest tech company to announce swelling investments in A.I. amid stumbling share prices.

© Nathan Howard for The New York Times

Amazon is spending heavily on new data centers to operate with this one in Ashburn, Va.
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Nvidia Chief, Jensen Huang, Is Seen as Target of Chinese Spy Plot

A Chinese businesswoman who had a close relationship with Jensen Huang was found to be passing intelligence to Beijing. President Trump was briefed and took no action.

© Manuel Orbegozo for The New York Times

Jensen Huang, the chief executive of Nvidia, is influential at the White House on technology policy and has developed a close relationship with President Trump.
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Apple Unveils Its First Touch-Screen MacBook Pro

Steve Jobs and Tim Cook both dismissed the idea, but Apple’s new chief executive is reimagining some of the company’s most important products.

© David Fouts for The New York Times

The new Mac, with a starting price of $2,899, is the latest step into a new era for the consumer electronics giant.
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Can Marissa Mayer, Yahoo’s Former CEO, Help Fix A.I.’s Gender Problem? 

She made her name as a pioneer at Google, then as chief executive at Yahoo. Now Mayer is entering the crowded marketplace for A.I. assistants — and hoping to draw in more women with a product that tackles the mental load.

© Kelsey McClellan for The New York Times

Marissa Mayer has reinvented herself as a start-up founder, with a team of 10 engineers — a fraction of the armies of programmers she once commanded at Yahoo and Google.
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Anthropic S-1 Reveals Rapid Growth Ahead of Blockbuster IPO

Ahead of what could be the largest public listing ever, Anthropic said revenue soared to $16.3 billion in the first half of the year, and it planned to spend $807 billion on A.I. infrastructure.

© Jason Henry for The New York Times

Anthropic, a powerhouse in A.I., is only five years old and seemingly came out of nowhere.
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Meet Anthropic’s Seven Founders as the A.I. Firm Prepares for an IPO

Former OpenAI employees started the company in 2021 after disagreements over how to safely build artificial intelligence. An I.P.O. could make them billionaires.
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What’s Riding on Anthropic Going Public? Nearly Everything.

Anthropic sits atop a pyramid of business partners and suppliers, making it a barometer of the broader economy. Its initial public offering will have widespread implications.
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